Role details

Product Control - OTC, Fixed Income Derivatives

New York   •  Permanent

Bullet points

  • Market Leading International Investment Bank
  • Rapidly Expanding, Business Facing Product Control Team

About Our Client

Market Leading International Investment Bank

Job Description


The Product Control team is looking for an experienced Product Controller who will be responsible for daily valuation, P&L and risk analysis and reporting for our fixed income derivatives trading desk. As part of the role, the candidate will also be involved in VaR calculation, stress testing, valuation simulations and other analytical functions.


    • Daily valuation of derivatives portfolio and accurate reporting of greeks and P&L to traders and senior mgmt
    • Derivatives pricing models and other portfolio models testing
    • Collect and mark rate curves, volatilities, credit spreads, exchange traded product prices and bond prices in all currencies
    • Analysis of credit simulation results and simulation of exotic transactions to determine expected and potential exposures.
    • Risk analysis and monitoring of trading activity on a daily basis
    • Work with and analyze VAR calculation models, stress testing processes and other daily processes
    • Exposure to new derivatives pricing methodologies in the market such as CSA/OIS discounting, FVA etc.
    • Exposure to the implementation of new regulatory regimes including Dodd-frank, EMIR, Basel 3, Volcker etc.
    • Handle other quant and non-quant regular and ad-hoc projects, working closely with traders, research and senior mgmt
  • Position is on the trading floor and work environment is fast paced. Direct contact with front office (traders and marketers).
  • This group works on the following products: OTC products such as Interest & FX Swaps, FRAs, Options, Exotic Products, Commodity Derivatives, Exchange Traded Products such as Treasury Bonds, Interest Rate Futures & Options, Currency Futures, Treasury Futures & Options. We trade in all major currencies USD, EUR, JPY, GBP, CAD.

The Successful Applicant

  • Experience/Knowledge Requirements
  • Bachelor's degree in Quant Finance/Computation Finance/Math Finance or Equivalent.
  • Minimum 5 years of experience in a market risk or similar position in financial industry
  • VBA programming required.
  • Strong Excel skills.
  • Financial derivative product knowledge

What's on Offer

Comprehensive Compensation Package;

  • Competitive Annual Bonus
  • Discretionary Annual Bonus
  • Comprehensive Benefits Package

Apply for this job

Click the Apply or LinkedIn button below or contact Davide Rosso quoting job reference 1211757
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